The Bank Branch: An Endangered Species?

At Citigroup (C), we just learned that 15% have been eliminated in the past year. That leaves only 779 in North America.  At Bank of America (BAC), 234 have gone the way of the dodo in the past several months.  At JPMorgan Chase (JPM), 300 are being shuttered as we speak.  I’m talking about one of the 21st century’s biggest endangered species: the bank branch. And chances are, you’re helping eliminate them almost every single day.  When was the last time you deposited a check with an actual bank teller? Or even at an ATM? I can’t remember personally, and for a very simple reason. I bank with Chase, and the company’s smartphone app lets me do it right from my iPhone 6!

http://www.moneyandmarkets.com/bank-branch-endangered-species-72212

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